Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $296.95 Consensus Price Target from Brokerages

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have earned a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $296.9474.

TTWO has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Finally, Robert W. Baird lifted their target price on Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, August 10th.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Jon Moses sold 500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the transaction, the director owned 21,868 shares of the company’s stock, valued at $5,349,131.48. This represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director LaVerne Srinivasan sold 362 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the completion of the sale, the director owned 8,357 shares in the company, valued at $2,047,548.57. This represents a 4.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 43,318 shares of company stock worth $10,874,057 over the last 90 days. 1.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TTWO. California State Teachers Retirement System boosted its stake in Take-Two Interactive Software by 21,833.4% during the 2nd quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company’s stock valued at $16,450,993,000 after purchasing an additional 65,509,194 shares during the last quarter. BlackRock Inc. bought a new stake in Take-Two Interactive Software during the second quarter worth $4,560,679,000. Geode Capital Management LLC lifted its holdings in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after acquiring an additional 60,893 shares during the period. Norges Bank purchased a new position in Take-Two Interactive Software in the fourth quarter worth $735,389,000. Finally, Amundi boosted its position in Take-Two Interactive Software by 38.1% in the first quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after purchasing an additional 688,133 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $222.91 on Friday. The company has a 50 day moving average of $235.57 and a 200-day moving average of $224.22. Take-Two Interactive Software has a 1-year low of $187.63 and a 1-year high of $265.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a market cap of $41.68 billion, a PE ratio of -128.85, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted ($0.07) EPS. The business’s revenue was down 2.1% on a year-over-year basis. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, equities research analysts forecast that Take-Two Interactive Software will post 5.25 earnings per share for the current fiscal year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga’s casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.